The alliance, with the United States and Brazil as its founding members, would help accelerate global efforts to meet net zero emissions targets by facilitating trade in biofuels derived from sources including plant and animal waste, a Reuters report said.
The gains have been on the back of over 3% jump in the price of sugar in a fortnight to their highest level in six years. A Reuters report quoted traders and industry officials attributing limited rainfall in the country s key growing regions to be the reason for this panic hinting a fall in production in the upcoming season.
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Shares of sugar companies traded higher on Wednesday trade in an otherwise weak broader market.Dwarikesh Sugar, Dalmia Bharat Sugar and Industries, and Triveni Engineering rallied between 4 per cent to 7 per cent. Magadh Sugar & Energy, .